American Journal of Agricultural Economics · 1972 · 64 citations · 8 references
AgricultureAgricultural EconomicsRisk ManagementAgricultural FinanceFarm ManagementRural EconomicsAgricultural Household EconomicsAgricultural Production EconomicsAgricultural Risk ManagementFarm Management EconomicsFarm PlanningFarm Risk ManagementFarm Decision MakingFarm Risk AnalysisFarmer Risk ManagementInteger Quadratic ProgrammingLower BoundsRisk In Farm ProductionStochastic Quadratic Programming
Abstract This paper uses quadratic programming to calculate the variance‐efficient mean income path and associated lower income bounds and suggests a way to select an optimum farm plan under risk based on the farmer's own self‐assessed income‐risk preference function. An empirical example from a Midwest corn‐soybean farm is presented.
8
The Introduction of Risk into a Programming Model
Rudolf J. Freund · Econometrica · 1956 · 618 citations
An Expected Gain-Confidence Limit Criterion for Portfolio Selection
William J. Baumöl · Management Science · 1963 · 429 citations